DDOG weekly chart illustrates a short-term price target of $108

Datadog is a big-data company helping businesses unlock the full power of their datasets. The firm's real-time data-monitoring platform helps make it convenient for corporations to generate insightful analyses across the entire stack. The company also looks to be building a nice ecosystem across other market verticals: the firm launched Audit Trail, its compliance and governance offering that could be a hot seller among existing customers.

Datadog is a magnificent player in the niche market of FSMA (full-stack monitoring and analysis). Though the firm is relatively small ($31.8 billion market cap), with deep-pocketed rivals, it's hardly an underdog.

Investors are hungry for growth; therefore, they will bid it up.

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gaps in the DDOG daily chart along with a trendline to stop out of a bullish trade.